Short Interest in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Expands By 127.6%

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 38,700 shares, an increase of 127.6% from the February 13th total of 17,000 shares. Based on an average daily trading volume, of 38,900 shares, the days-to-cover ratio is presently 1.0 days.

GAMCO Natural Resources, Gold & Income Trust Price Performance

Shares of NYSE GNT opened at $5.86 on Friday. The stock has a fifty day simple moving average of $5.75 and a two-hundred day simple moving average of $5.78. GAMCO Natural Resources, Gold & Income Trust has a 1-year low of $5.02 and a 1-year high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.48 annualized dividend and a dividend yield of 8.19%.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 14,415 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $5.80, for a total value of $83,607.00. Following the transaction, the insider now directly owns 1,812,289 shares of the company’s stock, valued at approximately $10,511,276.20. The trade was a 0.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On GAMCO Natural Resources, Gold & Income Trust

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth about $1,806,000. PFG Investments LLC grew its position in shares of GAMCO Natural Resources, Gold & Income Trust by 120.5% in the fourth quarter. PFG Investments LLC now owns 99,784 shares of the investment management company’s stock valued at $528,000 after purchasing an additional 54,526 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter valued at $236,000. Absolute Investment Advisers LLC bought a new stake in shares of GAMCO Natural Resources, Gold & Income Trust during the 4th quarter valued at $228,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth about $190,000.

About GAMCO Natural Resources, Gold & Income Trust

GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.